Family ownership, family identity of CEO, and accounting conservatism: evidence from Taiwan

2021 ◽  
pp. 1-29
Author(s):  
Hwa-Hsien Hsu ◽  
Shou-Min Tsao ◽  
Che-Hung Lin
Keyword(s):  
Accounting Conservatism ◽  
Family Ownership ◽  
Family Identity

Principal-principal conflicts and family firm growth

2017 ◽  
Vol 7 (3) ◽  
pp. 291-308 ◽  
Author(s):  
Andrea Calabrò ◽  
Giovanna Campopiano ◽  
Rodrigo Basco
Keyword(s):  
Firm Growth ◽  
Agency Problem ◽  
Well Being ◽  
Family Ownership ◽  
Problem Type ◽  
Type Ii ◽  
Family Identity ◽  
Content Type ◽  
The Family ◽  
Business Family

Purpose Drawing on the principal-principal conflict and identity literatures, the purpose of this paper is to investigate the Agency Problem Type II-bis in the context of family business. Specifically, the authors hypothesize that the size of the family owner group is related to firm growth and that this relationship is moderated by the extent to which the family identifies with the firm. Design/methodology/approach The hypotheses are tested on a sample of 265 medium and large German family firms (FFs) via moderated hierarchical regression analysis. Findings The main findings suggest that business family identity moderates the inverted U-shaped relationship between the size of the family owner group and firm growth in such a way that FFs with medium-sized family owner groups and high levels of business family identity reach higher firm growth. Practical implications In the context of FFs fully owned by one family, family owners might have different strategic preferences, goals, and identities, thus potentially making them subject to the conflict that could arise among the different family owners in relation to growth expectations. Recognizing this problem could help family owners find potential solutions to ensure the well-being of both the family and the business. Originality/value The combination of family ownership structure and family ownership dynamics affects firm growth. Challenging the homogeneity of the family owner group, the authors highlight the role of Agency Problem Type II-bis in hindering growth of FFs. A finer-grained view of principal-principal conflicts in FFs is thus discussed.

scholarly journals Corporate Governance and Accounting Conservatism: The Moderating Role of Family Ownership

2019 ◽  
Vol 3 (2) ◽  
pp. 119
Author(s):  
Nishtiman Mohammed ◽  
Ku Nor Izah Ku Ismail ◽  
Noor Afza Amran
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Accounting Conservatism ◽  
Family Ownership ◽  
Minority Shareholders ◽  
Study Objective ◽  
Board Characteristics ◽  
The Family ◽  
The Impact

This study objective is to investigate the influence of board characteristics and audit committee characteristics on accounting conservatism with respect to the influence of family ownership in Turkey. The findings explained that clients’ demand for accounting conservatism improved because of board characteristics (e.g. board size, independence & women on board) and the audit committee characteristics (e.g. audit committee independence and audit committee expertise). Hence, the family ownership undermines the impact of board characteristics and the audit committee characteristics to demand accounting conservatism, which will be unfavorable outcome for the minority shareholders. Thus, this study suggests that regulators should increase law enforcement to improve corporate governance in Turkey to accommodate the unique characteristics of family ownership and offer a protected environment for minority shareholders.

Accounting conservatism and the cost of bank credit in Brazil

2013 ◽  
Vol 10 (1) ◽  
pp. 27-48 ◽  
Author(s):  
Giovani Antonio Silva Brito ◽  
Eliseu Martins
Keyword(s):  
Accounting Conservatism ◽  
Bank Credit ◽  
The Cost

PENGARUH FAMILY OWNERSHIP, PERUBAHAN TARIF PAJAK DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN

2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Elfina Astrella Sambuaga
Keyword(s):  
Ownership Structure ◽  
Tax Reform ◽  
Stock Exchange ◽  
Family Ownership ◽  
Corporate Debt ◽  
Tax Rates ◽  
Manufacturing Companies ◽  
The Impact ◽  
The Relationship ◽  
Debt Policy

<p>This study aims to provide empirical evidence related to the influence of family ownership, tax reform on corporate debt policy, and further prove the impact on the firm value.This study examined the effect of changes in tax rates in 2009 and 2010 on the relationship between family ownership structure and corporate debt policy. The population of this research is manufacturing companies listed in Indonesia Stock Exchange for 8 consecutive years (2006-2013), with the period of observation for 7 years (2007-2013). A period of 8 years was taken to see a company that is consistently listed on the Stock Exchange prior to the end of the observation period. The result of this study shows that tax reform from progressive tax rates to a flat rate does not affect the relationship between family ownership structure and corporate debt policy. In contrast to the year 2009, changing rate from 28% to 25% in late 2010 was a significant effect on the debt policy with the company of family ownership. Based on the results, it was found that family ownership and debt policy significantly affect the company's enterprise value. It can be concluded, the higher the family ownership, the company's value would be diminished. Instead, the company's value will increase when the company adds to its debt policy.</p><p>Keywords : debt policy, family ownership, firm value, tax reform.</p>

HUBUNGAN SIMULTAN ANTARA AKTIVITAS PENGAWASAN PERUSAHAAN DENGAN KINERJA PERUSAHAAN DI BURSA EFEK INDONESIA

2018 ◽  
Vol 2 (1) ◽  
pp. 63
Author(s):  
Habibatur Ridhah
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Primary Objective ◽  
Family Ownership ◽  
Debt Ratio ◽  
Monitoring Activity

The primary objective of this research is to test the simultaneous relationship between board of commisioner monitoring activity and firm performance on a sample that consist of 156 companies quoted in Indonesia Stock Exchange. This study found that monitoring activity that performed by board of comissioner affect the firm performance, and vice versa, firm performance also affect the monitoring activity.. Further this research found that family ownership and debt ratio of company affected the monitoring activity that performed by Board of Commissioner. Tujuan utama dari penulisan studi ini adalah untuk melakukan pengujian hubungan simultan antara aktivitas pengawasan dewan komisaris dan kinerja perusahaan dengan menggunakan sampel sebanyak 156 perusahaan. Penelitian ini menemukan bukti bahwa aktivitas pengawasan perusahaan dapat mempengaruhi kinerja perusahaan, begitu juga sebaliknya, kinerja perusahaan dapat mempengaruhi aktivitas pengawasan perusahaan yang dilakukan oleh dewan komisaris. Studi ini juga menemukan bahwa jumlah kepemilikan keluarga, dan tingkat hutang mempengaruhi frekuensi aktivitas pengawasan yang dilakukan oleh dewan komisaris.

Corporate Social Responsibility and Earnings Management: The Moderating Role of Family Ownership

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Asif Saeed ◽  
Aijaz Mustafa Hashmi ◽  
Attiya Yasmin Javid
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Family Firms ◽  
Negative Impact ◽  
Stock Exchange ◽  
Least Square ◽  
Family Ownership ◽  
Corporate Social ◽  
The Impact

This study aims to explore the impact of family ownership on the relationship among corporate social responsibility (CSR) and earning management (EM) in Pakistan. Data is collected from nonfinancial listed firms on Pakistan Stock Exchange (PSE) for the period 2009-2017. Our results of pooled ordinary least square regression indicate that CSR has significant negative impact on EM. Furthermore, results also indicate that association between CSR and EM is moderated by family ownership. Family firms which perform CSR activities are less involved in EM as compare to nonfamily firms perform CSR activities. This variation in behavior of EM in family and non-family firms can possibly be explained by socioemotional wealth theory. Keywords: Corporate Social Responsibility, Earnings Management, Family Ownership

Mengembangkan Ayam Buras Dan Sapi Potong Untuk Meningkatkan Pendapatan Petani Kabupaten Maros

2019 ◽  
Vol 3 (2) ◽  
pp. 172
Author(s):  
Sri - Purwanti ◽  
Syamsuddin Nompo ◽  
Laily Agustina ◽  
Muh. Nur Hidayat
Keyword(s):  
Beef Cattle ◽  
Rice Straw ◽  
Dry Season ◽  
Farm Management ◽  
Family Ownership ◽  
Cattle Population ◽  
Corn Straw ◽  
Livestock Feed ◽  
Coaching Training ◽  
Meat And Eggs

The activities conducted in Maros regency Tanralili district Purnakarya village in chickens and beef cattle groups Cedde Jaya. The main source of livestock feed cows during the dry season are dry forage, rice straw, corn straw and hay crops of nuts which happened to be planted at the time of drought. Besides, leaf  Gamal is also a main feed in dry  season. Number of cattle per family ownership only 2-3  head extensively maintained. Range chicken as well as extensive maintenance, ownership on average 2-5 chicken each household group.  To increase the productivity of cattle, the team provides counseling, coaching, training and mentoring as well as providing some main of facilities such as cattle shed, biogas digester, planting banana. Results are expected in the presence of  activities is the avaibility of green forage mainly during the dry season, so that the cattle population will increase, the biogas as a fuel  alternative to kerosin and LPG gas, liquid and solid fertilizer from biogas by-product process, the increasing population of chicken qualified (meat and eggs as well as the day old chick).  Besides the problem of production is also done on the farm management. The activities is expected that will increase the incomes of farmers further improve the welfare of Maros regency. For the sustainability of the program it is necessary supervision and guidance are routinely performed by the related department along with the college.

METHODS ASSESSMENT QUALITY OF ACCOUNTING REPORTING AND MODELS OF THEIR MEASUREMENT

2020 ◽  
Vol 3 (3) ◽  
pp. 95-99
Author(s):  
E. H. ABU ◽  
Keyword(s):  
Internal Control ◽  
Stock Prices ◽  
Control Method ◽  
Financial Statements ◽  
Accounting Conservatism ◽  
Standardized Assessment ◽  
Accrual Quality ◽  
Indirect Measures

The article explores individual approaches used to measure and evaluate the quality of financial state-ments: standardized assessment, accrual-based models (accrual quality), Beneise models (M-Score), in-dexes - the internal control method and the degree of accounting conservatism. The reason for the great dependence on the use of indirect measures (proxies for the quality of financial statements or stock prices) is that some of the qualities of financial statements are unobservable.

PENGARUH KONSERVATISMA AKUNTANSI TERHADAP EARNINGS RESPONSE COEFFICIENT (ERC) DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI

2008 ◽  
Author(s):  
Olliza Mayesti ◽  
Resti Yulistia Muslim
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Negative Influence ◽  
Accounting Conservatism ◽  
Managerial Ownership ◽  
Net Income ◽  
Manufacturing Companies ◽  
Earnings Response Coefficient ◽  
Response Coefficient ◽  
Earnings Response

The objective of this study is to examine whether corporate governance influence the relation between accounting conservatism and Earnings Response Coefficient (ERC). The accounting conservatism proxy used in this research is accruals obtained from differences between net income and cash flow. Sample consists of 31 manufacturing companies that listed in Indonesian Stock Exchange since 2003­2006. Hypotheses are examined by using multiple regressions. The result shows that there is a negative influence of accounting conservatism to Earnings Response Coefficient. Managerial ownership as a moderating variable did not affect the relation between accounting conservatism and Earnings Response Coefficient, but independent board of commissioner composition as a moderating variable affected the relation between accounting conservatism and Earnings Response Coefficient.

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